Charles Hoskinson Tests Zero-Knowledge Wallet Recovery for Cardano
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Charles Hoskinson is testing a zero-knowledge wallet recovery smart contract on Cardano that would let users claim ADA and Cardano Native Tokens from a recovery pool by proving ownership of their 24-word recovery phrase via ZK proofs without revealing the phrase. The experimental protocol update, being developed with Quantumplation, Sebastien Guillemot and the Midnight team, aims to replace trusted custodians, improve wallet security and self-custody UX and could boost adoption as Cardano still records 29,025 daily active addresses despite the market crash.
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- Hoskinson has begun testing a zero-knowledge wallet recovery smart contract.
- Recovery system aims to let blockchain replace trusted custodians, he told Coinedition.
- Cardano has recorded 29,025 daily active addresses despite the recent market crash.
Cardano founder Charles Hoskinson has started work on an experimental recovery smart contract that could change how lost self-custody wallets are recovered on the network.
In a post on X, Hoskinson said he is testing a system that would allow users to claim ADA and Cardano Native Tokens (CNTs) from a recovery pool by proving ownership of their wallet’s 24-word recovery phrase through a zero-knowledge proof. The concept aims to verify ownership without exposing the recovery phrase itself.
Hoskinson said he plans to work with Quantumplation, Sebastien Guillemot, and the Midnight team as development progresses.
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